Crude palm oil futures fall 0.31% on profit-booking

Crude palm oil prices fell 0.31 per cent to Rs 542.60 per 10 kg in futures trade today as traders booked profits amid fall in demand at spot markets.
Besides, sufficient stocks position following higher supplies from producing belts too fuelled the downtrend.
At the Multi Commodity Exchange, crude palm oil for delivery in October month eased by Rs 1.70, or 0.31 per cent, to Rs 542.60 per 10 kg, in a business turnover of 339 lots.
The oil for delivery in current month traded lower by Rs 1.30, or 0.23 per cent, to Rs 546 per 10 kg in 805 lots.

Analysts said besides profit-booking by speculators at prevailing higher levels, fall in demand at spot markets weighed on crude palm oil prices.